Wall Street Breakfast

Gold futures top $4,000

9 snips
Oct 7, 2025
Gold futures have surged past $4,000, attracting attention due to inflation and central bank buying, with Goldman Sachs predicting a rise to $4,900 by 2026. Trilogy Metals' shares climbed after the Defense Department acquired a stake, highlighting U.S. efforts in securing critical minerals. Meanwhile, LeBron James teased a special Cognac deal while confirming his NBA comeback. Paul Tudor Jones likens current market conditions to those of 1999, cautioning about speculative leverage driving prices.
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INSIGHT

Gold Hits Historic Levels

  • Gold futures topped $4,000 as investors seek safety amid inflation and currency concerns.
  • Goldman sees $4,900 by end of 2026 while BofA warns of potential Q4 consolidation.
INSIGHT

Drivers Behind The Rally

  • The rally reflects fears of inflation and currency devaluation across major economies.
  • ETF inflows and central bank buying are viewed as sticky forces driving prices higher.
ADVICE

Position For Upside With Caution

  • Expect continued upside risk given central bank buying and ETF inflows according to Goldman strategists.
  • But prepare for a possible Q4 consolidation or correction as flagged by Bank of America.
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